4 ms·
A priced round has 25-35K in legal fees? I'm assuming this depends on the size of the round. A priced angel round, yes they do still happen, should not incur 2
by dr_ 15y ago
A priced round has 25-35K in legal fees? I'm assuming this depends on the size of the round.
A priced angel round, yes they do still happen, should not incur 25-35K in legal fees, or the angels will walk.
- mnutt 15y agoAt least in NYC I believe the startup is expected to pay both sides' legal fees, usually with a cap.
- jasonmcalacanis 15y agoIf you're paying your VCs legal fees you're making a mistake. You don't need to do that any more. :-) You can also cap it (i.e. $10k of your legal fees). Fight for this point by saying "you want as much money in the company as possible"). $25k is fairly standard on a $4M raise.